Question

If I file my federal return one day after the tax deadline, will I have to pay a tax deadline penalty or interest?

Answer

If you owe tax, you usually will. However, you won’t pay a late taxes penalty or interest if you’re:

  • Receiving a refund
  • Outside the country while serving in the military
  • Living in a federally declared disaster area

If you have a balance due, the IRS can assess both of these:

  • Late-filing penalty — 5% of the balance due per month up to 25%
  • Late-payment penalty — 0.05% (or part of a month), up to 25% of the tax due

The IRS charges interest on unpaid tax from the return’s due date until the date of payment.

Related Topics

Related Resources

IRS Letter 3379 – Final Determination Letter

The IRS granted you partial relief on your innocent spouse claim. Learn more about IRS letter 3379 from the tax experts at H&R Block.

IRS Letter 5073C – Acknowledgment Letter for Identity Theft Documentation

Learn more about letter 5073C, why you received it, and how to handle tax identity theft issue with help from the tax experts at H&R Block.

IRS Amended Return Status

You might file an amended return if you’ve already filed and need to make changes. Learn how to track your amended return from the experts at H&R Block.

What is Form 1040a

Learn more about the tax form 1040a and what income, adjustments, and credits you can file from the experts at H&R Block.